Content
MANAGEMENT REPORT
AUDIT OF SCHOOL FUND
Insert name of school
For Accounting year ending
Insert date
Date of visit: Insert date
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Distribution:
File Copy
School copy
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SCHOOL FUND AUDIT
CONTENTS
Sections 1 – 9
School Funds
ERYC Internal Audit Guidance on Management of
Section 10
Audit Approach
Section 11
Audit Findings Recommendations
Section 12
Conclusion
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1
INTRODUCTION
1.1
A school fund is a fund containing other than official monies of the Local
Education Authority.
This fund is controlled wholly or in part by a
Headteacher, due to that person’s employment in a school.
1.2
The school fund is totally separate from the delegated school budget.
2
2.1
REGULATIONS & RESPONSIBILITIES
The Financial Regulations for Schools state with regards to responsibility
for non-official monies:
‘The Governing Body shal